SPMC (Sound Point Meridian Capital) Scaled Net Operating Assets: 0.47 (As of Mar. 2026)

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SPMC Sound Point Meridian Capital Inc SPMC
11 GF Score
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What is Sound Point Meridian Capital Scaled Net Operating Assets?

Sound Point Meridian Capital SPMC +3.10% 11 Scaled Net Operating Assets is 0.47 as of Mar. 2026. GuruFocus rates SPMC with a GF Score™ of 11/100.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Sound Point Meridian Capital's operating assets for the quarter that ended in Mar. 2026 was $368.72 Mil. Sound Point Meridian Capital's operating liabilities for the quarter that ended in Mar. 2026 was $115.83 Mil. Sound Point Meridian Capital's Total Assets for the quarter that ended in Sep. 2025 was $541.29 Mil. Therefore, Sound Point Meridian Capital's scaled net operating assets (SNOA) for the quarter that ended in Mar. 2026 was 0.47.

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Sound Point Meridian Capital Inc SPMC
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Sound Point Meridian Capital Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Sound Point Meridian Capital's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(A: Mar. 2026 )
=(Operating Assets (A: Mar. 2026 )-Operating Liabilities (A: Mar. 2026 ))/Total Assets (A: Dec. 2023 )
=(368.721-115.829)/303.212
=0.83

where

Operating Assets(A: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=374.527 - 5.806
=368.721

Operating Liabilities(A: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=175.829 - 60 - 0
=115.829

Sound Point Meridian Capital's Scaled Net Operating Assets (SNOA) for the quarter that ended in Mar. 2026 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Mar. 2026 )
=(Operating Assets (Q: Mar. 2026 )-Operating Liabilities (Q: Mar. 2026 ))/Total Assets (Q: Sep. 2025 )
=(368.721-115.829)/541.294
=0.47

where

Operating Assets(Q: Mar. 2026 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=374.527 - 5.806
=368.721

Operating Liabilities(Q: Mar. 2026 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=175.829 - 60 - 0
=115.829

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.47 mean?
Sound Point Meridian Capital (SPMC) has a Scaled Net Operating Assets of 0.47 as of Mar. 2026. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Sound Point Meridian Capital and its competitors.
Is Sound Point Meridian Capital's Scaled Net Operating Assets too high?
Sound Point Meridian Capital's current Scaled Net Operating Assets is 0.47. Overall, Sound Point Meridian Capital has a GF Score™ of 11/100, reflecting its overall financial health beyond just this single metric.
How does Sound Point Meridian Capital's Scaled Net Operating Assets compare to DMB and ETX?
Sound Point Meridian Capital's Scaled Net Operating Assets of 0.47 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Sound Point Meridian Capital and its competitors. Sound Point Meridian Capital's current Scaled Net Operating Assets is 0.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Sound Point Meridian Capital stock overvalued right now?
Sound Point Meridian Capital (SPMC) has a current Scaled Net Operating Assets of 0.47. The current Scaled Net Operating Assets is 0.47. Sound Point Meridian Capital's overall GF Score™ is 11/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Sound Point Meridian Capital (SPMC), the current Scaled Net Operating Assets is 0.47 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Sound Point Meridian Capital Business Description

Address 375 Park Avenue, 34th Floor, New York, NY, USA, 10152
Sound Point Meridian Capital Inc is a closed-end management investment company. The Company's primary investment objective is to generate high current income, with a secondary objective to generate capital appreciation.
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